Stone-Hays Center for Independent Living

Analysis

Stone-Hays Center for Independent Living is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Stone-Hays Center for Independent Living reported income of $469k and spending of $471k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $331k to $469k (+42%), an average of +9.1% a year. The sharpest change came in the year to September 2020, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stone-Hays Center for Independent Living sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Wiz Child Center Inc ($469k), Lamar County Food Pantry Inc ($469k) and Nikasia Up & Coming Infant Development Center ($469k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (12% of expenses). Other salaries and wages came to $197k. At year end it held assets of $172k against liabilities of $60k, net assets of $112k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.